The financial firm Digital
Global Pass has designed payment services that are completely different
from traditional ones. Indeed, it has relied on innovation to build its settlement
methods, which means that SMS+ and Internet+ are nothing like banking
facilities. This is a boon for the financial industry in general.
What are the benefits of SMS+ and Internet+? These solutions cater to a lack in the market; they
address the problem of financial exclusion. Previously, consumers who did not
have a credit card, debit card or some form of banking identification could not
shop online since one of these details was mandatory to validate a payment on
the Web. This was discriminatory towards unbanked and underbanked clients.
Things have changed with the introduction of SMS+ and
Internet+. Aware of this financial exclusion problem, the firm has used the
latest tech to allow people to pay online via their mobile operator.
They just need a mobile account and a device that is connected to the Internet
to complete a purchase on the Web. Their network service provider will validate
the settlement and add the charges to consumers’ phone bills. This means that
thanks to new technologies, unbanked and underbanked customers can shop on the
Web easily.
SMS+ and Internet+ are innovative services
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